Save Money Using Social Media

More ways to save money with remodeling by
sharing your experience on social media!

We’re all looking for ways to save money. And most of us spend at least some time each day on social media. Did you know that you could combine the two – use social media to save money? A recent Equifax Finance Blog article, “A Guide To Saving Money Using Social Media” explains how.

Following businesses on Twitter or Facebook is an easy way to get in on exclusive discounts or offers. Local small business owners often offer a percentage off, a small giveaway or other special offer for their social media followers, like a free coffee or 10% off a haircut with a Tweet or FourSquare Check-in. An increasing number of remodeling and construction shops are giving discounts for sharing pictures and testimonials of the work that was done with their products.

Social media is also a way to get lightning-fast attention from a business if you’ve had a bad experience. Businesses respond immediately to social media since it is such a powerful tool that is open and visible to all customers; so they may offer your money back, a replacement, or just the apology you are due, if you had a negative experience with their company. One example the article’s author describes is a recent exchange she saw on Facebook between a restaurant customer who received bad service and complained about it on Facebook; the restaurant publicly apologized and offered a free meal, making the customer happy and showing all of their Facebook fans how much they care about customer satisfaction.

The article also mentions a site called SmartyPig, which allows users to track their savings goals and as they get closer, the site posts updates to Facebook and Twitter, sharing their progress. Friends and family can make donations to users to help reach their goals and money earns interest that can later be redeemed into a checking or savings account, as a prepaid debit card or gift card.  

Get more money saving tips as well as tips on retirement, insurance, credit checks, identity theft information and more on the Equifax Finance blog.